December Manufacturing ISM Revised Lower, From Beat To Miss

On January 2, the Institute for Supply Management announced the December Manufacturing ISM print: at 57.0, it was a beat of expectations of 56.8, and resulted in an expected boost to markets. Moments ago, the 57.0 print was quietly revised to 56.5. Which means the beat of consensus expectations quietly became a miss. But please don't say anything, because all that pro-cyclical, bullish media spin that was fabulated on the basis of a data point which subsequently was revised to a disappointment, would have to be revised...

Some other revisions :

ISM U.S. MANUFACTURING INDEX FOR DECEMBER REVISED TO 56.5 FROM 57.0 PREVIOUSLY

ISM U.S. MANUFACTURING NEW ORDERS INDEX FOR DECEMBER REVISED TO 64.4 FROM 64.2 PREVIOUSLY

ISM U.S. MANUFACTURING EMPLOYMENT INDEX FOR DECEMBER REVISED TO 55.8 FROM 56.9 PREVIOUSLY

ISM U.S. NON-MANUFACTURING NEW ORDERS INDEX REVISED TO 50.4 IN DEC FROM 49.4 PREVIOUSLY

And now back to watching Bernanke about to announce another $10 billion of tapering and how it will be beneficial for the Emerging Markets.

Mostly On Topic: I've been hearing for a couple of years that cars and trucks with dramaticly better milage are in the works. Anyone know how that role out it going? It can't be good news for the current inventory stuffing. Who is gonna want the old shit?

The Dollar has never been stronger...those treasuries aren't rallying...they're compressing.

This is all about moving Heavy Metal now.
Unemployment I think is going to fall dramatically in the USA.

I still don't see a lot of growth...1-2 percent.
Over time however as this collapse in the EM "tranformers" into something far more nasty...I think you'll see some resource nationalism finally appear in the USA and largesse put on the table.

No i'm not talking about an increase in the minimum wage....although paying Federal Contractors ten bucks an hour actually did seem like a good idea.

I was never a fan of the Clintons, but it's fascinating to see the way the New Yawk media fawns over that clown, but occasionally ravishes the Clintons. Strange marching orders, and always carried out with complete precision.

Ya gotta love it! I told my grandkids that the SOTU would consist of the Pres. saying, "Lie, lie, lie... bigger lie." To which the R's would have counter lies, and the Tea Baggers a few more with some distortions.

Obviously, once the National Weather Service finalized the temperature readings for December and revealed that it was the coldest month since last March, it is perfectly understandable that the ISM was a miss, and even more surprising it didn't miss more. Bullish!!